Repurchase of Other Stock Sample Clauses

Repurchase of Other Stock. In case at any time or from time to ------------------------- time, the Corporation shall (except as hereinafter provided) repurchase any Other Stock (the "Repurchased Stock"), then upon the consummation of such repurchase the Warrant Price then in effect shall be decreased to an amount determined by multiplying the Warrant Price in effect immediately prior to such adjustment by a fraction, (x) the numerator of which is the price paid per share of the Repurchased Stock, and (y) the denominator of which is the Current Market Price per share of Common Stock on the date immediately prior to such repurchase (after giving effect to any stock splits, stock dividends or other stock repurchases between the date of such repurchase and the date on which such calculation is made); provided, however, that if the numerator of -------- ------- such fraction is greater than the denominator of such fraction, then no adjustment to the Warrant Price shall be made. No adjustment of the Warrant Price shall be made under this Subsection upon the repurchase of the Repurchased Stock if such repurchase, together with all repurchases during the previous twelve (12) calendar months, is a repurchase of less than the sum of (1) 5% of the issued and outstanding Other Stock determined as of the date of such repurchase, plus (2) repurchases of stock options and Other Stock ---- underlying such stock options in a transaction or series of transactions during such twelve (12) month period not exceeding $50,000 in the aggregate.
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Repurchase of Other Stock. In case at any time or from time to time, the Corporation shall (except as hereinafter provided) repurchase any Other Stock (the "Repurchased Stock"), then upon the consummation of such repurchase the Warrant Price then in effect shall be decreased to an amount determined by multiplying the Warrant Price in effect immediately prior to such adjustment by a fraction, (x) the numerator of which is the Current Market Price (as defined below) per share of Common Stock as determined on the date on which such repurchase is made, and (y) the denominator of which is the Current Market Price per share of Common Stock on the date immediately prior to such repurchase (after giving effect to any stock splits, stock dividends or other stock repurchases between the date of such repurchase and the date on which such calculation is made); provided, however, that if the numerator of such fraction is greater than the denominator of such fraction, then no adjustment to the Warrant Price shall be made. No adjustment of the Warrant Price shall be made under this Subsection upon the repurchase of the Repurchased Stock if such repurchase, together with all repurchases during the previous twelve (12) calendar months, is a repurchase of less than the sum of (1) 5% of the issued and outstanding Other Stock determined as of the date of such repurchase, plus (2) repurchases of stock options and Other Stock underlying such stock options in a transaction or series of transactions during such twelve (12) month period not exceeding $50,000 in the aggregate.
Sample 1

Related to Repurchase of Other Stock

  • Repurchase of Shares If any share is repurchased by any of the Funds or is tendered thereto for redemption within seven business days after confirmation by us of the original purchase order from you for such security, you shall forthwith refund to us the full compensation paid to you on the original sale.

  • Distributions Other Than Cash, Shares or Rights to Purchase Shares (a) Whenever the Company intends to distribute to the holders of Deposited Securities property other than cash, Shares or rights to purchase additional Shares, the Company shall give timely notice thereof to the Depositary and shall indicate whether or not it wishes such distribution to be made to Holders of ADSs. Upon receipt of a notice indicating that the Company wishes such distribution be made to Holders of ADSs, the Depositary shall consult with the Company, and the Company shall assist the Depositary, to determine whether such distribution to Holders is lawful and reasonably practicable. The Depositary shall not make such distribution unless (i) the Company shall have requested the Depositary to make such distribution to Holders, (ii) the Depositary shall have received satisfactory documentation within the terms of Section 5.7, and (iii) the Depositary shall have determined that such distribution is reasonably practicable.

  • Repurchase of Units (a) Except as otherwise provided in this Agreement, no Partner or other Person holding Units will have the right to withdraw or tender for repurchase any of its Units. The Directors may, from time to time, in their complete and exclusive discretion and on terms and conditions as they may determine, cause the Partnership to repurchase Units in accordance with written tenders. The Partnership will not offer, however, to repurchase Units on more than four occasions during any one Fiscal Year, unless the Partnership has been advised by its legal counsel that more frequent offers would not cause any adverse tax consequences to the Partnership or the Partners. In determining whether to cause the Partnership to repurchase Units, pursuant to written tenders, the Directors will consider the following factors, among others:

  • Conditions to Purchase of Option Shares In the event that the Underwriters exercise their option provided in Section 3(b) hereof to purchase all or any portion of the Option Shares, the representations and warranties of the Company contained herein and the statements in any certificates furnished by the Company hereunder shall be true and correct as of each Date of Delivery and, at the relevant Date of Delivery, the Representative shall have received:

  • Conditions to Purchase of Option Securities In the event that the Underwriters exercise their option provided in Section 2(b) hereof to purchase all or any portion of the Option Securities, the representations and warranties of the Company contained herein and the statements in any certificates furnished by the Company and any of its subsidiaries hereunder shall be true and correct as of each Date of Delivery and, at the relevant Date of Delivery, the Representatives shall have received:

  • Issuance and Repurchase of Shares The Trustees shall have the power to issue, sell, repurchase, redeem, retire, cancel, acquire, hold, resell, reissue, dispose of, transfer, and otherwise deal in, Shares, including Shares in fractional denominations, and, subject to the more detailed provisions set forth in Articles VIII and IX, to apply to any such repurchase, redemption, retirement, cancellation or acquisition of Shares any funds or property whether capital or surplus or otherwise, to the full extent now or hereafter permitted corporations formed under the Delaware General Corporation Law.

  • Conditions to Delivery of Shares The Grantor's obligation to deliver Shares upon exercise of the Option is subject only to the conditions that:

  • Purchase of Shares in Offer Parent, the Purchaser or their affiliates shall have purchased Shares pursuant to the Offer; and

  • Purchase of Shares For the sum of $25,000 (the “Purchase Price”), which the Company acknowledges receiving in cash, the Company hereby issues the Shares to the Subscriber, and the Subscriber hereby purchases the Shares from the Company, subject to forfeiture, on the terms and subject to the conditions set forth in this Agreement. Concurrently with the Subscriber’s execution of this Agreement, the Company shall, at its option, deliver to the Subscriber a certificate registered in the Subscriber’s name representing the shares (the “Original Certificate”), or effect such delivery in book-entry form.

  • Repurchase of Interests (a) Except as otherwise provided in this Agreement, no Member or other person holding an Interest or portion thereof shall have the right to withdraw or tender to the Company for repurchase that Interest or portion thereof. The Board from time to time, in its sole discretion and on such terms and conditions as it may determine, may cause the Company to repurchase Interests or portions thereof pursuant to written tenders. However, the Company shall not offer to repurchase Interests on more than four occasions during any Taxable Year unless it has received an opinion of counsel to the effect that such more frequent offers would not cause any adverse tax consequences to the Company or Members. In determining whether to cause the Company to repurchase Interests pursuant to written tenders, the Board shall consider the recommendation of the Manager, and shall also consider the following factors, among others:

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